WEBVTT - Bloomberg Daybreak: March 4, 2022 - Hour 1 (Radio) 0:00:04.160 --> 0:00:06.960 Live from the Bloomberg into Raptor Brooker Studios. This is 0:00:07.000 --> 0:00:11.479 Bloomberg Daybreak for Friday, March four. Coming up this hour, 0:00:11.760 --> 0:00:16.280 Russian forces occupy Europe's largest nuclear power plant. Stocks drop 0:00:16.360 --> 0:00:19.599 as the war in Ukraine escalates. Commodities wrap up a 0:00:19.720 --> 0:00:22.920 historic week as oil and metals soar, and investors look 0:00:22.920 --> 0:00:25.520 ahead to the February jobs for fort New York City 0:00:25.560 --> 0:00:28.560 Mayor Adams could announce today e's and COVID restrictions lost 0:00:28.600 --> 0:00:32.360 the blowbat from Moscow's invasion in Ukraine hits Russian connected 0:00:32.400 --> 0:00:35.559 gas stations in Newark On Michael blar More ahem, I'm 0:00:35.600 --> 0:00:38.559 John Stashnower and sports Kevin Durant returned to the next lineup. 0:00:38.560 --> 0:00:40.879 They still lost to the heat in Brooklyn. The Islanders 0:00:40.920 --> 0:00:46.800 lost the Vancouver That's All Straight Ahead on Bloomberg Daybreak 0:00:47.040 --> 0:00:51.880 on Bloomberg Elemen Trio, New York, Bloomberg one, Washington, d C, 0:00:52.280 --> 0:00:56.640 Bloomberg one, O six one, Boston, Bloomberg nine six, San Francisco, 0:00:57.000 --> 0:01:00.200 Sirius x M one nineteen and around the world Old 0:01:00.240 --> 0:01:04.040 on Bloomberg Radio dot Com and via the Bloombird Business 0:01:07.600 --> 0:01:10.840 and Good Friday Morning, I'm Nathan Hagar and I'm Karen Moscow. 0:01:11.000 --> 0:01:14.759 US futures are following as we're risk intensify. It's coming 0:01:14.800 --> 0:01:16.160 up to five oh one on Wall Street, and we 0:01:16.240 --> 0:01:18.559 checked the markets every fifteen minutes throughout the trading day. 0:01:18.600 --> 0:01:22.120 On Bloomberg, SNP futures down thirty eight points this morning. 0:01:22.120 --> 0:01:25.080 Down futures down two eighty three and nasday futures down 0:01:25.080 --> 0:01:28.840 one four. The ten year treasury up seventeen thirty seconds. 0:01:28.880 --> 0:01:30.960 He had one point seven eight percent in a yield 0:01:30.959 --> 0:01:34.319 on the two year one point four eight percent. NIMEX 0:01:34.360 --> 0:01:36.480 screwed oil is I've wanted a third percent up a 0:01:36.520 --> 0:01:39.000 dollar forty one and a hundred nine dollars seven cents 0:01:39.000 --> 0:01:41.000 of barrel. Nathan, all right, Karen, we'll get back to 0:01:41.040 --> 0:01:43.119 markets in a minute. But the stakes have been raised 0:01:43.160 --> 0:01:46.640 even higher now. In Russia's war with Ukraine, Russian forces 0:01:46.640 --> 0:01:50.120 are now occupying Europe's largest nuclear plant after shelling at 0:01:50.160 --> 0:01:54.280 the facility overnight sparked the fire. Ukrainian President Vladimir Zelinski 0:01:54.360 --> 0:01:58.800 says Europe needs to wake up. If there's an explosion, 0:01:59.080 --> 0:02:01.440 that's the end for every one, the end for Europe, 0:02:01.680 --> 0:02:04.760 the evacuation of Europe. Only urgent action by Europe can 0:02:04.760 --> 0:02:07.240 stop the Russian troops. Do not allow the death of 0:02:07.240 --> 0:02:10.760 Europe from a catastrophe at a nuclear power station. President 0:02:10.840 --> 0:02:14.000 Zelinsky is appealing to Russian President Vladimir Putin to meet 0:02:14.040 --> 0:02:15.880 with him. Is the only way to stop the war. 0:02:16.120 --> 0:02:18.920 Secretary of State Anthony Blincoln says, the world stands ready 0:02:18.960 --> 0:02:22.440 to assist Ukraine. We seek no conflict, but if completly 0:02:22.480 --> 0:02:25.400 comes to us, we're ready for it and we will 0:02:25.440 --> 0:02:29.040 defend every inch of NATO territory. Secretary Blincoln is meeting 0:02:29.080 --> 0:02:31.720 today with NATO ministers in Brussels. The White House says 0:02:31.760 --> 0:02:34.560 President Biden is being briefed on the situation, but right 0:02:34.560 --> 0:02:37.760 now the US is not detecting elevated radiation levels at 0:02:37.760 --> 0:02:41.880 the nuclear site. Meanwhile, the rush to fille Ukraine. Nathan 0:02:41.919 --> 0:02:44.600 has for some very tough decisions for more than a 0:02:44.680 --> 0:02:48.160 million people on Bloomberg's and Baxter has more over a 0:02:48.160 --> 0:02:52.040 million people with a forecast of possibly four million more refugees. 0:02:52.320 --> 0:02:55.800 And El Shaker, the international Deputy Director of Refugee International, 0:02:55.840 --> 0:02:59.280 tells Bloomberg families are being split up. Sometimes if it's 0:02:59.320 --> 0:03:01.680 just a father puts those child on a bus, and 0:03:01.720 --> 0:03:04.399 here rise in pulland the father may stay to help. 0:03:04.440 --> 0:03:08.440 So unaccompanied children are arriving in dainty extra protections, and 0:03:08.520 --> 0:03:12.280 some of these are only on fourteen day temporary visas. 0:03:12.840 --> 0:03:16.000 In San Francisco. I'm at Baxter Bloomberg daybreak, All right, ed, 0:03:16.000 --> 0:03:18.680 thank you. As the US and allies choke off investor 0:03:18.760 --> 0:03:21.560 demand for Russian assets, parts of Wall Street are jumping 0:03:21.560 --> 0:03:25.040 on the buying opportunity. Sources say Goldman Sachs and JP 0:03:25.120 --> 0:03:28.320 Morgan Chase have been purchasing beaten down company bonds tied 0:03:28.360 --> 0:03:32.560 to Russia in recent days. The Russian stock market remains closed, Nathan, 0:03:32.560 --> 0:03:35.040 while stocks and you're a plunge over the latest development 0:03:35.080 --> 0:03:37.320 in Ukraine. Let's go live to London and get the 0:03:37.400 --> 0:03:40.200 latest to live with the Bloomberg's un parts. You and 0:03:40.880 --> 0:03:43.600 good morning, Karen, Nathan. It's the longest ever shotdown of 0:03:43.640 --> 0:03:46.680 the Moscow Stock Exchange as the Kremlin continues to attempt 0:03:46.720 --> 0:03:49.960 to stave off the impacts of global sanctions for domestic investors. 0:03:50.200 --> 0:03:53.080 The exchanges confirmed it will remain closed until at least 0:03:53.200 --> 0:03:56.400 Wednesday of next week. Since the Moscow market was lost 0:03:56.440 --> 0:03:59.120 opened a week ago. Russian stocks listed in London. Have 0:03:59.240 --> 0:04:02.880 lost more than a percent of their value before getting suspended. 0:04:03.200 --> 0:04:05.960 Stocks opened lower across Europe this morning on news of 0:04:06.000 --> 0:04:09.560 that overnight Ukrainian nuclear power plant fire, and they've continued 0:04:09.600 --> 0:04:12.320 to set off your stocks A hundred trading down some 0:04:12.560 --> 0:04:15.720 three percent, on course for its worst week since March 0:04:15.880 --> 0:04:19.280 twenty Live in London, I'm you and pot Springbok daybreak, 0:04:19.279 --> 0:04:21.320 all right you and thank you. We also saw losses 0:04:21.360 --> 0:04:24.120 in Asia overnight. Let's get the recap on that from Bloombridge. 0:04:24.160 --> 0:04:27.119 Juliette Sally in Singapore. Good morning, Juliet, Good morning, Nathan 0:04:27.120 --> 0:04:29.520 and Karen. The ms CI Asia Pacific Index fell to 0:04:29.560 --> 0:04:32.240 a fresh sixteen month lower, weighed down by losses in 0:04:32.320 --> 0:04:34.680 Japan and Hong Kong, then negate to to five paired 0:04:34.680 --> 0:04:36.960 earlier losses of as much as three percent. It closed 0:04:37.000 --> 0:04:39.839 lower by two point two percent in Tokyo, and Chinese 0:04:39.839 --> 0:04:42.279 tech players were dumped, with an index of TEX shares 0:04:42.320 --> 0:04:45.440 listed in Hong Kong falling to its lowest since inception, 0:04:45.800 --> 0:04:48.520 and the h Shares index is trading near a six 0:04:48.640 --> 0:04:50.680 year loan. Over the course of the week, the ms 0:04:50.680 --> 0:04:52.920 CI Asia Pacific Index fell by as much as one 0:04:52.960 --> 0:04:56.359 point eight percent, it's third weekly loss in Singapore. Juliet 0:04:56.400 --> 0:04:59.480 Sally Bloomberg daybreak. All right, Juliette, thank you. Commodities are 0:04:59.480 --> 0:05:03.440 wrapping up historic week as Russia's invasion of Ukraine royals markets. 0:05:03.520 --> 0:05:06.080 We get the latest lie from Bloomberg's Renita Young. Good morning, 0:05:06.080 --> 0:05:09.160 ready now, good morning care and soaring commodities prices from 0:05:09.200 --> 0:05:12.800 crude to aluminium and wheat are adding to hot inflationary 0:05:12.839 --> 0:05:18.080 pressures that's hurting consumers and fueling concerns over an economic slowdown. 0:05:18.360 --> 0:05:20.720 And as a result of Bloomberg, Commodity Spot index has 0:05:20.800 --> 0:05:24.200 rallied more than nine percent this week. Oil is headed 0:05:24.200 --> 0:05:27.400 for its biggest weekly surgeon almost two years. Brent crude, 0:05:27.400 --> 0:05:30.520 which almost hit a hundred twenty dollars yesterday, is trading 0:05:30.560 --> 0:05:33.360 at just over a hundred eleven dollars of barrel right now. 0:05:33.720 --> 0:05:37.040 Prices for wheat, aluminum, nickel, and crude are all expected 0:05:37.080 --> 0:05:40.640 to continue rising, and this all comes as many raw 0:05:40.720 --> 0:05:44.840 materials are facing low stockpiles. Live in New York. I'm 0:05:44.880 --> 0:05:48.400 Mornita Young, Bloomberg daybreak, All right, Rinita. Thanks Despite the surgeon, 0:05:48.480 --> 0:05:51.240 oil prices and the Russian invasion of Ukraine, Fed chair 0:05:51.320 --> 0:05:54.440 j Palace, sticking to plans to raise rates beginning later 0:05:54.480 --> 0:05:58.400 this month. I would be recommending and supporting a one 0:05:58.480 --> 0:06:02.200 quarter of one percent interest increase at our March meeting. 0:06:02.279 --> 0:06:05.039 If we don't see inflation behaving as we expected to 0:06:05.040 --> 0:06:07.400 be a which is to peak and begin to come down. 0:06:07.760 --> 0:06:10.520 If we see inflation behaving in ways not consistent with that, 0:06:10.800 --> 0:06:13.599 then we're prepared to raise my more than that amount 0:06:13.720 --> 0:06:17.200 in a meeting or meetings. FED Chair J. Powell reiterated 0:06:17.200 --> 0:06:19.920 the right hike plan during two days of congressional testimony 0:06:20.200 --> 0:06:23.159 and Nathan The next major economic data point comes later 0:06:23.200 --> 0:06:25.719 this morning with the release of the February JOMP support 0:06:25.880 --> 0:06:29.080 We get a preview from Bloomberg's Muccle McKee. The consensus 0:06:29.160 --> 0:06:32.440 is that as the oh maicron COVID variant faded in February, 0:06:32.640 --> 0:06:36.159 hiring probably picked up and was forecast another large gain 0:06:36.240 --> 0:06:39.040 in jobs restored and a drop in the unemployment rate 0:06:39.040 --> 0:06:42.080 back below four percent. Although the Russian War will cap 0:06:42.120 --> 0:06:45.400 the impact of this employment report, Federal Reserve officials will 0:06:45.440 --> 0:06:48.040 be interested in the strength of hourly earnings as they 0:06:48.040 --> 0:06:51.560 watch for signs high inflation may be becoming embedded in 0:06:51.600 --> 0:06:54.359 the economy. The FED is also interested in the labor 0:06:54.360 --> 0:06:57.120 force participation rate, how many people are out looking for 0:06:57.160 --> 0:07:00.960 a job this week. Chairman J Powell told Congress policymakers 0:07:01.000 --> 0:07:03.599 don't know why so many people are staying home, but 0:07:03.680 --> 0:07:07.000 he expressed hope that hiring will pick up as COVID eases. 0:07:07.200 --> 0:07:10.520 Michael McKee, Bloomberg Daybreak. All right, Mike, thanks SMP. Futures 0:07:10.560 --> 0:07:13.400 down down thirty two points down, futures down, tune forty six, 0:07:13.440 --> 0:07:16.120 and nastac features lower by a hundred two points. Straight 0:07:16.120 --> 0:07:18.880 ahead your latest local headlines into check of sports. This 0:07:19.160 --> 0:07:25.040 is Bloomberg. It's five oh seven on Wall Street where 0:07:25.120 --> 0:07:27.880 twenty one degrees in central parking of vehicle fires slowing 0:07:27.880 --> 0:07:30.760 down the northbound FDR drive through the seventies. Details coming 0:07:30.840 --> 0:07:33.000 up in traffic. First. Michael bars here with more on 0:07:33.040 --> 0:07:35.120 what's going on in New York and around the world. 0:07:35.360 --> 0:07:37.960 Good morning, Michael, Good morning Nathan. This could be a 0:07:38.000 --> 0:07:41.440 big day in New York City's progress against COVID. Nineteen 0:07:41.920 --> 0:07:44.440 Mayor Eric Adams could announce as soon as today to 0:07:44.720 --> 0:07:49.480 lift mask mandates and schools and vaccination requirements and restaurants, 0:07:49.560 --> 0:07:54.880 bars and theaters, while infections, hospitalizations, and deaths continue. The 0:07:54.920 --> 0:07:57.240 move by Adams could signal the turning point in the 0:07:57.240 --> 0:08:00.600 pandemic to a return to normalcy me. While New York 0:08:00.640 --> 0:08:04.720 City Health Department says COVID hospitalizations saw the biggest racial 0:08:04.840 --> 0:08:08.840 gap during O Macron. Black New Yorkers were hospitalized at 0:08:08.880 --> 0:08:12.000 two times the rate of White New Yorkers during the 0:08:12.040 --> 0:08:15.840 winter O Macron surge. Gas prices have shot up across 0:08:15.880 --> 0:08:18.880 the country do in large part to the Russian invasion 0:08:18.920 --> 0:08:22.120 of Ukraine. It's causing a sharp rise in oil prices. 0:08:22.280 --> 0:08:25.080 In North Carolina, the price for a gallon of regular 0:08:25.200 --> 0:08:27.920 and an Exon gas station in Raleigh get close to 0:08:27.960 --> 0:08:31.160 four dollars twenty cents. This Roley mom says, even our 0:08:31.200 --> 0:08:34.240 teenagers are fueling the pinch. I have kids that just 0:08:34.280 --> 0:08:37.199 started driving. I know that their love and the experience, 0:08:37.640 --> 0:08:44.080 but even they are completely overwhelmed by the ends of 0:08:44.160 --> 0:08:46.839 their paycheck. You know, how do I get back and 0:08:46.960 --> 0:08:49.760 forth to work? Los Angeles is now averaging more than 0:08:49.840 --> 0:08:54.000 five dollars. Outraged by the invasion of Ukraine, lawmakers in 0:08:54.120 --> 0:08:58.000 New Jersey's largest city took aim at the Russian franchise 0:08:58.360 --> 0:09:01.720 Luke Oil Gas stations. The New York City Council voted 0:09:01.800 --> 0:09:06.440 unanimously to suspend the service stations operating licenses, citing Luke 0:09:06.480 --> 0:09:11.400 Oil's base in Moscow. However, the stations are franchises owned 0:09:11.400 --> 0:09:15.439 by locals, not Russians, and they employ mostly New Jersey residents. 0:09:15.760 --> 0:09:19.439 President Joe Biden signed bipartisan legislation that prohibits the use 0:09:19.679 --> 0:09:22.760 of forced arbitration and sexual assault and harassment claims in 0:09:22.800 --> 0:09:26.360 the workplace. President Biden says the Forest Arbitration of Sexual 0:09:26.400 --> 0:09:31.040 Assault and Sexual Harassment Act ends a secretive practice that 0:09:31.200 --> 0:09:35.080 is often used to shield perpetrators from full and public accountability. 0:09:35.240 --> 0:09:38.360 There will be cases where victims want their claims resolved 0:09:38.400 --> 0:09:41.800 in private, but some survivors will want their day in court, 0:09:42.400 --> 0:09:45.640 and that should be their choice and nobody else's church. 0:09:45.880 --> 0:09:49.079 President Biden says the new law profoundly changes the way 0:09:49.120 --> 0:09:53.400 businesses handle sexual abuse allegations. Global Needs twenty four hours 0:09:53.400 --> 0:09:56.400 a day on air and on Bloomberg Quicktake, powered by 0:09:56.400 --> 0:09:59.080 more than twenty seven undred journalists and analysts, more than 0:09:59.520 --> 0:10:03.000 twenty trees. I'm Michael Barr. This is Bloomberg. Nathan all right, Michael, 0:10:03.040 --> 0:10:09.600 thank you. Coming up to five ten on Wall Street. 0:10:09.600 --> 0:10:12.600 Time for the Bloomberg Sports Updake, Good morning, John Stenshlon Morney, 0:10:12.679 --> 0:10:15.240 Nathan Welcome back. Kevin Durant, first game for the Nets 0:10:15.280 --> 0:10:17.920 after missing twenty one with a knee injury. Samuel k 0:10:18.120 --> 0:10:20.680 d thirty one points in thirty five minutes, but the 0:10:20.760 --> 0:10:23.640 Nets lost at Barkley's to the East in Miami Heat 0:10:24.000 --> 0:10:26.200 one thirteen one oh seven. The Heat. We're coming off 0:10:26.200 --> 0:10:28.040 a blown lead at a one point lost the night 0:10:28.080 --> 0:10:30.880 before Milwaukee, so they gave three starters the night off, 0:10:31.000 --> 0:10:34.240 but Bambata Bio played. He scored thirty in. The Nets 0:10:34.240 --> 0:10:37.400 have now lost sixteen of their last nineteen to dropped 0:10:37.400 --> 0:10:40.160 down to five hundred. Doesn't get any easier A game 0:10:40.240 --> 0:10:43.600 Sunday in Boston Celtics last night being Memphis, they've won 0:10:44.080 --> 0:10:47.680 thirteen of fifteen. The Knicks like the Nets, losers of 0:10:47.800 --> 0:10:51.240 sixteen the last nineteen, and tough about not getting any easier. 0:10:51.280 --> 0:10:54.200 Knicks Tonight in Phoenix, the Suns are fifty and twelve, 0:10:54.280 --> 0:10:57.120 best record in the NBA U B s Areena Islanders 0:10:57.120 --> 0:10:59.760 at a third period lead Vancouver two goals forty five 0:11:00.000 --> 0:11:02.280 through the part. Midway through the third, the Canucks won 0:11:02.360 --> 0:11:04.000 four to three, so they went two and one on 0:11:04.040 --> 0:11:06.440 their tour of the three New York area teams. The 0:11:06.480 --> 0:11:08.760 Isles of Now Lost Peak for the last eleven College 0:11:08.800 --> 0:11:12.400 Oake Verre loss for Iona in Riverdale Manhattan Sport for 0:11:12.480 --> 0:11:15.600 the second left one by two. Iona has dominated the 0:11:15.679 --> 0:11:18.559 MAC but means to win the upcoming proference turnament to 0:11:18.600 --> 0:11:20.599 gain entry to the n C Double A. It's the 0:11:20.600 --> 0:11:24.240 big college basketball story is the game tomorrow North Carolina 0:11:24.360 --> 0:11:27.280 at Duke, the final home game for Duke's legendary coach, 0:11:27.400 --> 0:11:29.840 Mike Just. Yes, I've tried never to look in the 0:11:29.920 --> 0:11:36.520 past too much or in the future, but you know 0:11:36.640 --> 0:11:41.719 a little bit of thinking yesterday your last game in 0:11:41.880 --> 0:11:46.480 camera right, it's Crazy's coach to Duke for forty two years. 0:11:46.559 --> 0:11:50.800 John Stash Award Bloomberg Sports. Thanks John SMP. Future is 0:11:50.840 --> 0:11:53.080 down to down thirty two points. Staff futures down two 0:11:53.440 --> 0:11:55.840 sixty one, nest Act futures on the decline by a 0:11:55.920 --> 0:11:59.600 hundred two points. Continued, Treasury now up seventeen thirty seconds. 0:11:59.840 --> 0:12:03.320 You at one point seven. You're listening to Bloomberg day 0:12:03.360 --> 0:12:10.320 Break Blomber eleven three oh weather, sunshine, upper thirties today 0:12:10.320 --> 0:12:13.280 will be in the upper forties, turning cloudy tomorrow, scattered showers, 0:12:13.320 --> 0:12:15.880 breezy and mild for Sunday, with a high near sixty 0:12:15.960 --> 0:12:22.520 five degrees. Right now, it's twenty one in Central Park markets. 0:12:22.600 --> 0:12:25.600 Headlines and breaking news twenty four hours a day at 0:12:25.720 --> 0:12:29.079 Bloomberg dot com, The Bloomberg Business at and at Bloomberg 0:12:29.160 --> 0:12:39.040 Quicktape is a Bloomberg Business clash, and I'm Karen Monstown. 0:12:39.160 --> 0:12:43.479 US Dock Index futures are lower as war risks intensify 0:12:43.640 --> 0:12:47.200 after a Ukrainian nuclear power plant briefly caught fire. We 0:12:47.280 --> 0:12:49.600 checked the markets every fifteen minutes throughout the trading day. 0:12:50.080 --> 0:12:52.400 On Bloomberg S and P Future is down thirty four 0:12:52.440 --> 0:12:55.760 points down Future is down two sixty three and nowsdays 0:12:55.800 --> 0:12:59.000 futures down at nine seven. The decks in Germany is 0:12:59.040 --> 0:13:01.679 down three and a quarter percent, and your treasury of 0:13:01.760 --> 0:13:04.280 sixteen thirty seconds, he had one point seven eight percent. 0:13:04.320 --> 0:13:06.800 The yield on the two year one point four nine percent. 0:13:07.280 --> 0:13:09.960 Nimex S crude oil is up one point nine percent 0:13:10.040 --> 0:13:12.400 of two dollars twenty five cents at a hundred nine 0:13:12.440 --> 0:13:15.360 dollars two cents of barrel. Comic School is up six 0:13:15.400 --> 0:13:17.800 tents per cent or eleven dollars fifty cents at nineteen 0:13:17.840 --> 0:13:21.200 forty seven forty announced, the euro one point one zero 0:13:21.280 --> 0:13:23.719 one three against the dollar, British found one point three 0:13:23.800 --> 0:13:26.160 three oh five the yen at one fifteen point four 0:13:26.320 --> 0:13:29.520 three Bitcoin this morning moving lower down more than one 0:13:29.600 --> 0:13:32.800 percent at forty one thousand, six hundred forty dollars. And 0:13:32.880 --> 0:13:35.400 we are today watching for the February jobs report at 0:13:35.400 --> 0:13:38.720 an eight thirty Wall Street time. That's a Bloomberg business flash. 0:13:38.800 --> 0:13:41.040 Now here's Michael bar with more on what's going on 0:13:41.080 --> 0:13:43.920 around the world. Munchale, Good morning, Good morning, Karen. More 0:13:43.920 --> 0:13:46.880 On that fire you mentioned, Ukrainian authorities say a fire 0:13:46.960 --> 0:13:51.160 at Europe's biggest nuclear planned ignited by Russian shelling, has 0:13:51.200 --> 0:13:54.400 been extinguished in that Russian forces have taken control of 0:13:54.440 --> 0:13:58.760 the site. Ukraine's state nuclear regulators says no changes in 0:13:58.880 --> 0:14:02.920 radiation levels have been recorded so far. Donald Trump Junior's 0:14:02.960 --> 0:14:06.720 fiance has been subpoena to testify before the House January 0:14:06.760 --> 0:14:11.079 sixth Committee. The subpoenas says Kimberly Gilfoyle met with Donald 0:14:11.080 --> 0:14:13.840 Trump at the White House, spoke at the rally before 0:14:13.920 --> 0:14:17.640 the January sixth Riot and helped organize and raise money 0:14:17.640 --> 0:14:21.240 for the event. In the NBA, the Nets and Warriors lost, 0:14:21.240 --> 0:14:24.440 the Celtics won. In the NHL, the Islanders lost, the 0:14:24.480 --> 0:14:27.560 Bruins and Capitals won. Global News twenty four hours a 0:14:27.640 --> 0:14:30.120 day on air and on Bloomberg Quick Take, powered by 0:14:30.120 --> 0:14:32.960 more than twenty seven under journalists and analysts more than 0:14:33.000 --> 0:14:37.400 a twenty countries. Michael mar This is Bloomberg, Nathan, Michael. Thanks, 0:14:37.400 --> 0:14:39.960 It's five nineteen on Wall Street Live from the Bloomberg 0:14:40.000 --> 0:14:43.600 Interactive Broker Studios. This is Bloomberg Daybreak and Bloomberg News. 0:14:43.600 --> 0:14:47.400 Executive Editor for International Government. Rosalind Matheson is back with 0:14:47.480 --> 0:14:50.200 us this morning on the latest developments in Ukraine, not 0:14:50.280 --> 0:14:52.720 the least of which, of course, is Russian forces now 0:14:52.760 --> 0:14:56.680 occupying the largest nuclear power plant in Europe after bringing 0:14:56.720 --> 0:14:59.960 it under pretty heavy fire overnight. Rosalind, what's the latest. 0:15:01.280 --> 0:15:03.560 The latest is that there was a brief fire at 0:15:03.600 --> 0:15:07.600 a training center in the vicinity of this plant overnight, 0:15:07.680 --> 0:15:10.360 after what Ukraine and the i a e A says, 0:15:10.360 --> 0:15:15.080 with shelling by Russian forces. That fire, thankfully has been extinguished. 0:15:15.080 --> 0:15:18.000 There's no sign of any radiation damage or leak and 0:15:18.040 --> 0:15:21.000 no injuries in that. But certainly when you have this 0:15:21.200 --> 0:15:26.880 kind of shelling occurring in such proximity to nuclear power assets, 0:15:26.920 --> 0:15:29.600 it has to raise concern and you can see that 0:15:29.680 --> 0:15:33.720 in the comments from European officials and others this morning. 0:15:34.080 --> 0:15:37.400 You can see in the comments from the US President overnight, 0:15:37.440 --> 0:15:40.400 just the concern about where this conflict is going and 0:15:40.480 --> 0:15:43.640 just how much risk is coming in that something happens 0:15:43.680 --> 0:15:48.240 that takes this conflict well outside Ukraine's own borders. Yeah, 0:15:48.240 --> 0:15:51.080 we heard the alarm from the Foreign Minister of Ukraine, 0:15:51.160 --> 0:15:55.800 Dmitri Kuebo, saying that a explosion at this particular plant 0:15:55.840 --> 0:15:58.760 would be ten times larger than Chernobyl, and of course 0:15:58.840 --> 0:16:02.520 we saw the active around the Chernobyl plant as well. 0:16:02.600 --> 0:16:05.840 What could this say about this phase of the war, now, 0:16:05.960 --> 0:16:10.280 what Russia could be planning. Well, certainly it suggests that 0:16:10.320 --> 0:16:14.040 at least, at the very least, there's indiscriminate shelling going on. 0:16:14.200 --> 0:16:17.080 In a conflict, you do get these kind of incidents 0:16:17.080 --> 0:16:20.520 where stuff happens that perhaps is unintended, But similarly, they 0:16:20.520 --> 0:16:23.320 do know what this area contains, which is this enormous 0:16:23.400 --> 0:16:26.480 nuclear power plant, and their efforts to take control of it. 0:16:26.480 --> 0:16:30.240 It's possible that the shelling occurred in a way. It 0:16:30.320 --> 0:16:34.800 suggests again the desperate efforts by Russian troops to make 0:16:34.920 --> 0:16:37.880 up some ground here after being bogged down at least 0:16:37.880 --> 0:16:40.560 in the northern part of the country for days, and 0:16:40.600 --> 0:16:43.400 the tactics that they're resorting to to do so. It 0:16:43.440 --> 0:16:46.120 just fits the pattern of a real heightening of the 0:16:46.160 --> 0:16:48.880 aerial bombardment that's been going on on key cit s 0:16:48.960 --> 0:16:51.360 across the country now for a couple of days. A 0:16:51.440 --> 0:16:54.920 number of Ukrainian officials, including the Energy Minister of Ukraine 0:16:54.920 --> 0:16:59.160 who spoke to Bloomberg Television overnight or reiterating their calls 0:16:59.720 --> 0:17:02.360 for a no fly zone to be set up. Is 0:17:02.400 --> 0:17:05.959 that something that's on the table for the US and NATO, 0:17:06.080 --> 0:17:09.520 the idea of a no fly zone, Uh not at 0:17:09.520 --> 0:17:12.240 this stage. No NATO ministers meeting in Brussels to have 0:17:12.320 --> 0:17:14.720 made it very clear that that's not something that they 0:17:14.720 --> 0:17:19.600 could entertain, despite those pleas from the Ukrainian government, including 0:17:19.920 --> 0:17:22.360 the president. That's because what happens in a no fly 0:17:22.560 --> 0:17:25.000 zone trying to police that airspace is you would have 0:17:25.119 --> 0:17:29.320 NATO aircraft confronting Russian aircraft to try and keep them 0:17:29.320 --> 0:17:31.320 out of that area, and that means you have a 0:17:31.320 --> 0:17:35.800 scenario where NATO planes are firing on Russian aircraft, and 0:17:35.880 --> 0:17:38.159 that means the conflict has gone from being Russia and 0:17:38.280 --> 0:17:42.320 Ukraine and being Russia and Europe as a whole, including NATO, 0:17:42.520 --> 0:17:45.480 including the US, and that's not something that they say 0:17:45.520 --> 0:17:48.359 that they can entertain at this point in time. Also, 0:17:48.400 --> 0:17:52.280 the Russian aircraft capacity inside Ukraine is pretty intense at 0:17:52.320 --> 0:17:54.919 the moment, so actually a wait, it's questions whether they 0:17:54.960 --> 0:17:57.399 could even enforce it if they wanted to because of 0:17:57.520 --> 0:18:01.000 the superiority of the Russian air force in that area. 0:18:01.040 --> 0:18:03.399 But right now, very clear messaging from NATO that this 0:18:03.520 --> 0:18:05.560 is not something that they can do. Well, what are 0:18:05.560 --> 0:18:07.840 we expecting to come out on the diplomatic front? You 0:18:07.880 --> 0:18:11.680 mentioned NATO ministers meeting Secretary of State Antony Blinken as well. 0:18:11.840 --> 0:18:14.919 Is in Brussels. We had those second rounds of talks 0:18:15.040 --> 0:18:18.879 yesterday between Ukrainian and Russian diplomats. What if anything is 0:18:18.920 --> 0:18:22.000 coming out of all this? Very little at this point 0:18:22.080 --> 0:18:24.840 from the diplomatic side. At least, there were that second 0:18:24.920 --> 0:18:28.400 round of talks between officials from Russia and Ukraine yesterday. 0:18:28.440 --> 0:18:31.240 They said there was some progress and quote marks towards 0:18:31.240 --> 0:18:36.640 agreeing a potential humanitarian corridor for Ukrainians to leave the country, 0:18:36.640 --> 0:18:40.200 but nothing tangible, no promise, and certainly no details yet 0:18:40.200 --> 0:18:42.439 on whether another when the next round of talks on 0:18:42.480 --> 0:18:46.520 that might even happen. The diplomatic front is really focused 0:18:46.520 --> 0:18:50.000 around condemnation at this point. The hard stuff is coming 0:18:50.080 --> 0:18:53.399 from the sanctions and penalties aimed at the Russian economy 0:18:53.800 --> 0:18:56.679 and its senior leaders, and there's more expected on that 0:18:56.760 --> 0:18:59.320 front in the next couple of days. Our last thirty 0:18:59.400 --> 0:19:02.280 seconds here we're seeing any signs of off ramps for 0:19:02.400 --> 0:19:04.640 Russia coming out of the sanctions that have been imposed 0:19:04.680 --> 0:19:07.639 so far, not at this stage, and in fact some 0:19:07.680 --> 0:19:10.119 of these sanctions won't even take effect for weeks or 0:19:10.200 --> 0:19:13.359 months on certain parts of the economy, and so the 0:19:13.400 --> 0:19:16.439 effect of it won't be felt yet, despite the the 0:19:16.480 --> 0:19:18.320 uneas and the panty you can see on the ground 0:19:18.320 --> 0:19:22.159 amongst ordinary consumers in Russia. So the pressure point from 0:19:22.200 --> 0:19:23.879 that is yet to come, and that might give the 0:19:23.960 --> 0:19:27.480 Russian presidents and breathing space. Thanks as always and for 0:19:27.560 --> 0:19:30.960 the help throughout this very difficult week. Roslyn Mathis and 0:19:30.960 --> 0:19:34.000 our executive editor for International Government for Bloomberg News, keeping 0:19:34.040 --> 0:19:36.159 us on top of what's happening in the war in 0:19:36.280 --> 0:19:39.160 Ukraine now into a ninth day, and near Russian forces 0:19:39.480 --> 0:19:43.919 now occupying the largest nuclear power plant in Europe in 0:19:44.160 --> 0:19:47.600 southeastern Ukraine. Right now, SMP futures are down twenty six 0:19:47.680 --> 0:19:50.359 points down. Futures are down two under ten NANASAC futures 0:19:50.359 --> 0:19:54.439 are lower by seventy points up Ahead, commodities wrap up 0:19:54.440 --> 0:19:56.560 an extremely vaulted a week, and we look ahead to 0:19:56.680 --> 0:20:00.719 February jobs. As we check your top stories of the morning. 0:20:00.760 --> 0:20:08.880 You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather 0:20:08.960 --> 0:20:11.960 mostly sunny, upper thirties today, It'll turn cloudy to start 0:20:12.000 --> 0:20:14.240 the weekend. Tomorrow's high in the upper forties will have 0:20:14.320 --> 0:20:16.560 scattered showers, a breeze, and a high in the mid 0:20:16.680 --> 0:20:23.000 sixties by Sunday. Right now one in Central Park, broadcasting 0:20:23.080 --> 0:20:26.800 live from the Bloomberg Interactive Broker Studio in New York. 0:20:26.920 --> 0:20:30.720 Bloomberg e Living Freedom to Washington, d C, Bloomberg on 0:20:30.960 --> 0:20:34.200 to Boston, Bloomberg one oh six one to San Francisco, 0:20:34.280 --> 0:20:38.399 Bloomberg sixty to the Country, Sirius XM chand one and 0:20:38.520 --> 0:20:42.840 around the Globe, the Bloomberg Business and Bloomberg Radio dot Com. 0:20:42.840 --> 0:20:51.720 This is Bloomberg Daybreak. It's five thirty on Wall Street. 0:20:51.720 --> 0:20:55.040 Good morning. I'm Nathan Hagar and I'm Karen Moscow. We're 0:20:55.080 --> 0:20:58.240 just about four hours away from the open of US trading. 0:20:58.320 --> 0:20:59.720 Let's get you have to date in the news. You 0:20:59.760 --> 0:21:02.440 need to know at this hour. Russia is now occupying 0:21:02.480 --> 0:21:05.960 the largest nuclear signed in Europe. Overnight, Shelling started a 0:21:06.080 --> 0:21:10.200 fire at this up areas a nuclear plant. Ukrainian Energy 0:21:10.240 --> 0:21:14.320 Minister Herman Halashenko tells us this raises the stakes in 0:21:14.359 --> 0:21:18.440 the war. One example of the brigia could be repeated 0:21:18.600 --> 0:21:23.199 in in Uh, in the other stations, on the other units. 0:21:23.280 --> 0:21:26.520 And and that's why we ask for clothing the sky. 0:21:26.640 --> 0:21:30.520 We we don't see any other possibilities. Herman Helloshenko spoke 0:21:30.560 --> 0:21:33.720 on Bloomberg Television. The US Energy Department says it's activated 0:21:33.720 --> 0:21:36.720 it's nuclear Incident Response team, but right now it doesn't 0:21:36.720 --> 0:21:40.600 see elevated radiation levels. The US futures and stocks overseas 0:21:40.640 --> 0:21:44.120 Karen are falling as the war escalates. SMP futures are 0:21:44.160 --> 0:21:47.800 down about a half percent right now. Major European averages 0:21:47.840 --> 0:21:51.240 and stocks in Asia are down between two and three percent, 0:21:51.800 --> 0:21:55.080 and commodities are wrapping up historic week Nathan as Russia's 0:21:55.119 --> 0:21:57.960 invasion of Ukraine royals markets. Let's get the latest line 0:21:57.960 --> 0:22:01.040 from Bloomberg's or need a Young, Good morning, Ready, good morning, Karen's. 0:22:01.040 --> 0:22:04.840 Soaring commodities prices from crude to aluminum and wheat are 0:22:04.920 --> 0:22:09.720 adding to hot inflationary pressures. That's hurting consumers and fueling 0:22:09.760 --> 0:22:13.480 concerns over an economic slowdown. Oil is heading for its 0:22:13.480 --> 0:22:17.040 biggest weekly surgeon almost two years. Brent crude which is 0:22:17.080 --> 0:22:20.560 almost it almost hit a hundred twenty dollars yesterday. It's 0:22:20.600 --> 0:22:23.320 trading right now at just over a hundred twelve dollars 0:22:23.320 --> 0:22:27.040 of barrel. Prices for wheat, aluminum, nickel, and crude are 0:22:27.040 --> 0:22:30.199 all expected to continue rising. And it all comes as 0:22:30.240 --> 0:22:34.240 many raw materials are facing low stockpiles. Live in New York. 0:22:34.280 --> 0:22:37.440 I'm Renita Young, Bloomberg daybreak, All right, we need to thanks. 0:22:37.480 --> 0:22:40.359